West Michigan Advisors LLC Makes New Investment in Capital Group Growth ETF (NYSEARCA:CGGR)

West Michigan Advisors LLC purchased a new stake in Capital Group Growth ETF (NYSEARCA:CGGR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,489 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cassady Schiller Wealth Management LLC acquired a new position in Capital Group Growth ETF during the third quarter worth $25,000. Oakworth Capital Inc. purchased a new position in shares of Capital Group Growth ETF during the 4th quarter worth $33,000. Whipplewood Advisors LLC acquired a new position in shares of Capital Group Growth ETF during the 4th quarter valued at about $33,000. Archer Investment Corp grew its holdings in shares of Capital Group Growth ETF by 430.1% in the fourth quarter. Archer Investment Corp now owns 1,320 shares of the company’s stock valued at $49,000 after purchasing an additional 1,071 shares during the period. Finally, WFA of San Diego LLC acquired a new stake in Capital Group Growth ETF during the third quarter worth about $70,000.

Capital Group Growth ETF Price Performance

NYSEARCA:CGGR opened at $37.26 on Friday. The company’s 50-day moving average is $38.52 and its two-hundred day moving average is $36.55. Capital Group Growth ETF has a 1-year low of $29.70 and a 1-year high of $39.96. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 29.74 and a beta of 1.16.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.